Gemini Dollar Price Data
Gemini Dollar (GUSD)
currently has a price of
£0.74
and is
down
-0.046%
over the last 24 hours. The cryptocurrency is ranked
574
with a market cap of
£26.5M.
Over the last 24 hours, it saw
£93.4k
of trading volume. The token has a circulating supply of
35.6M
tokens out of a total supply of
35.6M
tokens.
Gemini Dollar (GUSD) is a stablecoin cryptocurrency issued by the Gemini exchange, with its value pegged to the US Dollar. It provides a secure and stable medium for transferring virtual dollars over blockchain, utilizing the Ethereum platform for smart contract functionality. Each GUSD is backed by a dollar held at State Street Bank and Trust Company, offering FDIC "pass-through" deposit insurance.
GUSD enables users to easily use the US Dollar on the blockchain, allowing for the purchase, sale, and trading of digital assets with a currency that maintains consistent value. The tokens are subjected to regular external audits to ensure transparency and confirm the corresponding backing of each token with a dollar in the Gemini account.
